AI HELPS MICROSOFT AND META BUT CONSUMER ANGST HURTS MCDONALD’S
By Nigam Arora 
To gain an edge, this is what you need to know today.
AI CapEx
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- The chart shows that QQQ is gapping up above its Liberation Day level.
- The chart shows QQQ is now approaching the resistance zone.
- RSI on the chart shows that QQQ is overbought but can become more overbought if there are more good tech earnings, such as those from Amazon (AMZN) after the close.
- The gap up in QQQ is primarily driven by good earnings from Microsoft (MSFT) and Meta (META).
May 1, 2025